Apple Growth Partners

tax planning

Charting the Future Amidst a $31 Trillion (and Growing) Problem

It’s the number which needs no formal introduction, and it’s an elephant in the boardroom of every business in America whether acknowledged or not. No strategic plan, economic forecast, or growth projection is complete without cognizance of how a $31 trillion national debt service will muscle its way throughout the US economy. The goal of this article is to raise awareness of how incremental national debt impacts private businesses and explain why a pain-free past of borrowing is no indicator of future consequences from more borrowing. Finally, there are some pointers at the end of the article to help business owners consider how to handle asset valuation changes caused by a national debt crisis.

Year-End Tax Planning Tips for Restaurants

Owning and operating a restaurant can have significant perks, with a side of complexities. Mainly, understanding and forecasting taxes for restaurants, which can cause headaches among other responsibilities. Proactive tax planning is a must and should be completed prior to 12/31 of the calendar year to identify opportunities. Tax rules often change; best practice recommends business owners should understand the rules as stated currently, while being aware of potential future changes.

Thriving During Inflation: How Business Leaders Can Accept, Think Differently, and Get Ahead

Inflation hedging requires counterintuitive thinking but with persistence and vigilance, we will all arrive at the new normal unscathed. Historically, inflation raises prices, wages and input costs to a new level and then flattens out (relatively speaking). Deflation typically does not occur, and so, the exercise of adjusting has an end to it, thankfully.

The ESOP 1042 Transaction Could Become More Attractive For Selling Business Owners

By Matt Silla, ASA, CFA | Principal October 12, 2021 The U.S. House of Representatives recently released a bill impacting both personal and corporate taxes for those above certain income levels. While the ultimate outcome of what will become law is unknown, business owners should begin to assess potential changes and what they could mean …

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Protecting Your Financial Identity

By Mark Lapikas, CPA | Principal, Tax With a previous break of Equifax, an estimated 143 million Americans’ information was compromised. In 2015, Anthem was breached compromising personal data of roughly 80 million Americans. Criminals are constantly seeking new ways to obtain your data which begs the question, “How do I protect my personal information?” …

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COVID-19 Allows Tax-Favored Distributions from IRA

Thursday, May 14, 2020 By A’Shira Nelson, CPA | COVID-19 Response Team Individuals affected by the COVID-19 pandemic are now eligible to take tax-favored distributions from their IRA(s). Normally, distributions would be included in the taxpayer’s taxable income, and it may be subject to a 10% additional tax if the taxpayer is under age 59 …

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